Wealth

Carl Court | Getty Images A Banksy artwork opposite the French embassy in London, criticising the use of teargas in the ‘Jungle’ migrant camp in Calais. “The very best guys do something different in the gallery as what they do on the streets. And in my 15 years, all I’ve seen so far is it

Though CEOs may be taking note of increasing pressure from investors and politicians over their generous pay packets, the report once again highlights the stark disconnect between bosses and their employees. The average salary of a FTSE 100 CEO last year was 160 times that of the average U.K. worker. This means that it would

Businessman T.J. Zlotnitsky offers another apt example of this demographic. After making a fortune with his tech company, he wants companies to pay higher wages and the government to tax the rich more. Zlotnitsky belongs to Patriotic Millionaires, a group of rich people bent on fighting inequality. As he explained in a blog post: “My

It was 20 years ago, during the Asian Financial Crisis that was one of the biggest tests of Sukanto’s entrepreneurial journey. He recalled having to divest a 50-50 venture with a European partner in China. As a result, Sukanto brought in almost $1 billion back to Indonesia and felt it was the right strategic decision

The world’s millionaires, who represent the top 1 percent of the population, now own a record 45 percent of the global wealth and their share is growing, according to a new report. There are now 17.9 million households in the world, up 8 percent from 16.6 million last year, according to a report from The

Asia’s massive population and their expanding wallets have made the region a fertile ground for whiskey sales. Along with that came a group of aficionados who saw the potential to grow their wealth by investing in bottles of the distilled liquor. The principle behind it is simple: buy bottles of rare, limited edition whiskey and

Charitable giving in the U.S. topped $390 billion in 2016, up nearly 3 percent from 2015, despite uncertainty around the election, according to a new report. The Giving USA Annual Report on Philanthropy, published by the Giving USA Foundation, said individuals, estates, foundations and corporations gave $390.05 billion to charities in 2016, up from $379.89

Getty Images A visitor stands in front of a painting entitled ‘Masterpiece,’ during a press preview of ‘Lichtenstein, a Retrospective’ at the Tate Modern on February 18, 2013 in London. Hedge fund billionaire Steve Cohen is back — and he’s spending bigger than ever. An avid art collector, Cohen paid $165 million earlier this year

Millionaire confidence plunged by a record amount in May, sparked by fears of government dysfunction in Washington. The Spectrem Millionaire Investor Confidence Index, a measure of millionaire confidence in the economy and markets, fell 17 points from April. That’s the biggest month-to-month drop ever recorded by Spectrem Group, a Chicago-based wealth-research firm that created the

With Amazon’s stock price brushing $1,000, Jeff Bezos is within striking distance of becoming the world’s richest man. As of Friday’s close, Bezos was worth $85.1 billion, according to the Bloomberg Billionaire’s Index. Bill Gates is at $88.8 billion. So assuming that Microsoft’s share price remains constant or falls, Bezos needed another $3.8 billion to

The 18-karat yellow gold wristwatch is one of only three models to feature a black dial and diamond hour markers. Of those models, the Bao Dai is the only watch known to exist with diamonds at the even hours instead of the odd. The rock at 12 o’clock forced Rolex to move its trademark crown

A pair of fancy colored diamond earrings sold for a whopping $57.4 million at auction Tuesday, setting a new record. The pear-shaped earrings were being auctioned separately by Sotheby’s, however, they were sold to a single, anonymous buyer. The buyer snatched up “The Apollo Blue” earring for $42.1 million, and “The Artemis Pink” diamond for

If both stones are bought by the same buyer, and each stone fetches a price within its estimated range, the diamonds would become the most expensive earrings ever sold at auction, topping the $17.6 million price of the Miroir de l’Amour earrings sold by Christie’s last year. Sotheby’s said demand for colored diamonds remains strong.

The three major auction houses are set to auction off more than $1 billion worth of fine art this week, marking a test of whether collectors can shrug off turmoil in Washington and sagging stock markets. Sotheby’s, Christie’s and Phillips have an estimated $1.3 billion worth of works on the block this week. That would